Grain Department
 
Here at Ag Plus, we strive to provide information to our customers to
help them in achieving their marketing goals.  If you have any questions feel free to contact Dave or Laura.
 
Attention

As of today (9/23/16) all Ag Plus locations will be accepting Xtend™ Soybeans

Grain Marketing Services

 

ATTENTION: IMPORTANT INFORMATION

Ag Plus has been notified by local soybean and corn processors that they will not accept any corn or soybeans that are not approved for export.

 

This list would include, but not be limited to: Duracade corn, Roundup Ready 2 Extend beans, Enlist corn and beans, Vistive beans and Plenish beans. 

 

Ag Plus wants you to understand that our policy is that we cannot accept any grain that is not approved for export shipment until the local processors or terminals will accept them.  We cannot accept any grains that are tainted or contaminated by, produced from, or contain any amount of genetically modified seed.  We also cannot accept GMO events that have not received full and final approval for import/use by any domestic or foreign markets; not limited to the United States, China, European Union, or any other export market.

 

If you are uncertain on a seed product that you intend to plant or have planted, please check with us before planting/shipping grain to any Ag Plus location.  If you have already planted a non-approved product, we will do our best to work with you to help market the grain; but you must notify us before any delivery of grain.    Failure to notify us before delivery will result in liability to the farmer.

 

Any seller that delivers unapproved agricultural commodities that include products which are produced from, tainted or contaminated by, or contain any amount of GMO seed or GMO events not approved in all export markets; shall be in breach of the contract with Ag Plus.  The seller will then be liable for all direct or consequential damages, including but not limited to, any losses arising from facility closure, extra handling or reduced operating capacity, and all removal and cleaning costs.  This liability could also include any damages or issues caused at processing facilities or terminals that Ag Plus may deliver grain to, from our farm customer.

 

We hope to have these issues resolved by the seed companies before any matters arise.  We will notify our customers once the issues have been resolved but this policy will remain in effect until then. 

WILL NOT ACCEPT

WILL NOT ACCEPT

Delivery of soybeans/corn produced from the following seed products:

 

                                                     Bayer soybeans

                                                         Event FG72

  

VistiveGold soybeans                       Bayer/Syngenta soybeans

MON 87705 (Monsanto)                            SYHTOH2

 

Soymega™ soybeans                            Dow soybeans

MON 87769 (Monsanto)                           DAS-81419-2

 

Dow Enlist E3™ soybeans                    Monsanto soybeans

DAS-44406-6                                         MON 87712

 

Dow Enlist ™ soybeans                        Monsanto soybeans

DAS-68416-4                                         MON 87751

 

Syngenta Duracade corn                      Plenish™ soybeans

                                                            (DuPont/Pioneer)

 

 

“UNACCEPTABLE AGRICULTURAL COMMODITIES” INCLUDING COMMODITIES THAT INCLUDE, ARE PRODUCED FROM, OR CONTAIN ANY AMOUNT OF, SOYBEAN WITH MONSANTO’SROUNDUP READY 2 XTEND™ TECHNOLOGY.

 

ANY SELLER THAT DELIVERS UNACCEPTABLE AGRICULTURAL COMMODITIES SHALL BE IN BREACH OF ITS CONTRACT AND WILL BE LIABLE FOR DIRECT AND CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION, ANY LOSSES ARISING FROM FACILITY CLOSURE OR REDUCED OPERATING CAPACITY AND ALL REMOVAL AND CLEANING COSTS.

Daily Grain Comments

Friday, October 13th, 2017

Markets were mixed during the overnight trade but rallied during the daytime session to close higher across the board.  Beans were again the leader in the market, closing up 8 cents with November 17 futures breaking the $10.00 level during the session.  Corn and wheat struggled to rally but did manage a strong finish with corn up 4 and wheat up 9 cents on the day.  Corn did make a key reversal yesterday and beans were able to break the 20 and 50 day moving averages.  Weekly export sales were released this morning, delayed one day because of Columbus Day.  Exports for corn were very strong at 62.7 million bushels, up from 29.3 the previous week and better than the expected 20 to 28 million expected.  Mexico was the largest buyer at 40 million bushels.  Soybean export sales were also very strong at 64.7 million, up from 37.3 the previous week and well above the 37 to 48 expected.  China was the largest buyer at 37.5 million bushels. Wheat exports were a disappointing 6.4 million bushels, down from 18.1 the previous week and the 11 to 18 expected.  Argentina reported corn planting at 22%, up from 16.5 last week but wekll below last years 32%.  USDA dropped the wheat production number for Australia by 1 mmt to 21.5 mmt, well below last year's 33.5 million metric tonnes.  FSU countries raised their wheat stocks 1/2 mmt to 28 mmt, up 6 million metric tonnes from last year.  Traders are expecting corn harvest to reach 32% on Monday's report and bean harvest to b e 49% complete.  The dollar was up 42 points today, at $92.94, gold was up $8.40, breaking back above the $1300 level to $1301.70.  Crude oil was up 78 cents at $51.39.  Stocks had a strong day in trading, with the Dow and Nasdaq both setting new records.  Currently the Dow is up 30 points, Nasdaq is up 22, and S & P is up 3. I am leaving yesterday's report nubmers on the page for your information.  Numbers from the report has the bean yield at 49.5, down .4, traders were expecting an increase in yield to 50.1 bushels per acre.  Acres harvested on beans was increased to 89.5 million from 89.1, leaving the total crop unchanged at 4.431 billion bushels.  The ending stocks were lowered because of the September 30 stocks report by 45 million bushels to 430 million, 23 million below the guesses.  Corn yields were increased from 169.9 to 171.8 bushels per acre.  This was more than the trade was expecting, with the average guess at 169.7.  Acres harvested were adjusted to 83.1 million acres, down .4 million from September.  The total production was 14.280 billion bushels, compared to 14.184 in September.  Stocks were lower in the September 30th report, the USDA increased feed use and industrial usage (non ethanol) for a net of a 5 million bushel increase to 2.340 billion bushels.  The wheat carryout was increased from 933 million bushels to 960 million. 

Support levels on December corn are at $3.44-1/4 and $3.25 and resistance is at $3.65 and 3.75.  Support on November beans is at $9.77 and 9.58-1/2 and resistance is at $10.20 and $10.31.  Support on December wheat is at $4.22-1/2 and $4.00 and resistance is at $4.62 and $4.72-1/2.

We are testing daily composite samples by customer on the new corn for Vomotoxin.  The results so far are coming in less than 1.5 PPM, below any levels that would cause problems in feed. 

Cash Bids (Login to View)
Name Delivery Start Delivery End Short Name Futures Price Basis Cash Price Futures Change

Quotes retrieved on October 17, 2017, 04:30:57 AM CDT